Arena expects to get gross proceeds of around $33 million. About January 13 The closing of the offering is expected to happen on or, 2012. Arena use $5 million of the proceeds from this providing to prepay a portion of the mortgage principal that otherwise could have been required to become repaid in June 2013 beneath the existing Facility Agreement between Arena and Deerfield. Related StoriesPsychoactive drugs might help sedentary people to workout, suggests Kent stamina expertWeight loss and exercise improve ovulation in ladies with polycystic ovary syndromeHealthcare technology public event of the year opens entriesA sign up statement relating to the normal stock and preferred stock offers been filed with and declared effective by the Securities and Exchange Commission.